Elwood Brehmer

  • With little appetite from legislators for a general obligation bond package, bare bones capital budgets the next couple years are probably a harsh reality of the state’s fiscal situation. The administration’s proposal for a $500 million general obligation, or GO, bond package to fund up to $250 ...

    Wed, 03/30/2016 - 4:26pm
  • Enstar Natural Gas Co. appears to have locked up 90 percent of its gas supply needs into 2021 after finalizing a deal with Furie Operating Alaska. The gas supply and purchase agreement filed March 14 with the Regulatory Commission of Alaska is for a firm supply of 6.2 billion cubic feet, or bcf, of ...

    Wed, 03/30/2016 - 4:25pm
  • Not surprisingly, Alaska’s fiscal picture got worse with the March 21 release of the 2016 Spring Revenue Forecast. Total state revenue for the 2016 fiscal year, which ends June 30, is now projected to be about $3.6 billion, down more than 60 percent from the $9.5 billion of income estimated in the...

    Thu, 03/24/2016 - 9:37am
  • The next court battle over the value of the Trans-Alaska Pipeline System won’t be for at least another five years. Two settlements over the taxable value of TAPS between the State of Alaska, its owners and municipalities along the pipeline corridor were announced March 1. The agreements fix the va...

    Thu, 03/10/2016 - 1:23pm
  • City-owned Anchorage Municipal Light and Power and Chugach Electric Association agreed to purchase ConocoPhillips one-third interest in the Beluga River Unit gas field for a total of $152 million. Under the agreement ML&P will own 70 percent of the unit share and Chugach will take the remaining ...

    Thu, 02/18/2016 - 11:34am
  • Alaska’s contractors will begin to feel the effects of the new oil reality in 2016 as statewide capital spending declines about 18 percent from last year, according to a construction industry forecast. The University of Alaska Anchorage Institute for Social and Economic Research projects just more...

    Wed, 02/10/2016 - 12:18pm
  • BP is cutting 4,000 jobs worldwide and some of those reductions will be in Alaska. An intra-company email obtained by the Alaska Journal of Commerce sent to BP Alaska employees Jan. 12 states that the company plans to reduce its total in state workforce by 13 percent. All employees should know their...

    Thu, 01/14/2016 - 10:57am
  • Those cushy state jobs are going to be a little harder to come by after Gov. Bill Walker’s administration instituted a state hiring freeze and travel restrictions Jan. 5 for all executive branch departments. Walker said during a press briefing that measures mostly already in place to restrict hiri...

    Thu, 01/07/2016 - 10:29am
  • What a long, strange trip it’s been — and that was only year one. In his first year in office, Gov. Bill Walker faced unprecedented state budget deficits; an obstinate Legislature, which would eventually sue him; an historic presidential visit; and an oh so precarious state economy, all the whil...

    Thu, 01/07/2016 - 10:28am
  • Alaska’s independent power producers are claiming victory over regulatory changes that they say will encourage investment in renewable energy projects. The Regulatory Commission of Alaska on Nov. 20 finalized revisions to state regulations pertaining to how electric utilities calculate their cost ...

    Thu, 12/10/2015 - 11:25am

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Lupin bloom at the head of the bay

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